The function of the Trustee, and your rights as trust beneficiary

The Trustee bank accepts full technical, legal and administrative responsibility for protecting your interests as the beneficiary. While the bank is the Trustee of the property, they have a statutory responsibility to execute your instructions regarding the property.

As a foreign owner, you hold beneficial rights to your property as the deeded beneficiary of the bank trust (fideicomiso) inscribed in the Public Registry. Your property can be improved, leased for periods not to exceed ten years, or sold for full market value any time you choose. By law, your property is not an asset of the bank in this agreement. The bank is simply a trustee, operating in similar fashion to a living, or family trust in the U.S., or Canada.